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20130113
20130121
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. >> what's the biggest misconception about our economy? >> is that the did he haeficit biggest problem we face. the deficit is not the biggest problem we face. the biggest problem we face is jobs. and wages. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you can find the segment on nbcbayarea.com/the intervie
. >> tech production tends to sink lower when the economy is struggling and when things are going well, drive us out of recession according to ross duval, study author. things are booming now and the numbers would support that. according to a new report on startups compiled by researchers, silicon 1234r50e8 12 was the best place in the world to start a company. >>> that might explain the area's number one ranking notice milken study but also consider these tidbits. san jose's wage growth dropped almost 2% in the last year, per the u.s. labor statistics and santa clara's unemployment rate, while a steady 7.7% is good for just seventh best in the state of california. >> job growth here greatly exceeds what we're seeing in any other metro area in the country. the challenge is there are still many families struggling as we know. unemployment exceeds 8% in san jose. >> and council mann's remarks there summarize the situation well. we are adding the most jobs of any place in the country here in silicon valley. that's true. startups are flourishing. but the overall economy by standard measure
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